The Group has reported a 9.1% increase in cash and cash equivalents to S$84.4 million from S$77.3 million in FY2010. This rise was mainly due to the healthy cash flow from operations.
Based on its outstanding number of 399 million shares and S$84.4 million cash in hand, the Group’s cash per share reached 21 cents. The Group has chalked up a higher cash surplus despite reporting a lower revenue and net profit for FY2011 compared to FY2010. Total revenue for the
Group eased 32.0% to S$238.7 million against S$351.1 million in FY2010. Net profit also softened 41.4% to S$15.7 million from S$26.8 million in FY2010.
1. It has short-term borrowings of $61.3 million, which means the cash in hand of 21 cents a share is not net cash.
2. Investors are in suspense as the company has decided to announce its dividend at a later date. In Fy10, it was 1 cent a share. If they can increase it to 1.5 cent... and add the interim of 0.4 cent, the yield would be 10.6%.
